BlackRock Inc. Acquires Shares of 13,362,500 Celanese Corporation $CE

Key Points

• BlackRock acquired 13.36 million Celanese shares during the second quarter, worth approximately $614.7 million, giving it a 12.19% stake. Institutional investors collectively own 98.87% of the company.
• Analyst sentiment is mixed: nine analysts rate Celanese a Buy, seven a Hold and one a Sell. The consensus rating is Hold, with an average price target of $63.47 versus the stock’s reported price of $46.86.
• Celanese exceeded quarterly earnings expectations, reporting $2.45 in EPS versus a $2.23 consensus estimate, while revenue rose 8.7% year over year to $2.75 billion. The company issued third-quarter 2026 EPS guidance of $1.35 to $1.75.

BlackRock Inc. bought a new position in Celanese Corporation (NYSE:CE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,362,500 shares of the basic materials company's stock, valued at approximately $614,675,000. BlackRock Inc. owned about 12.19% of Celanese at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Celanese by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company's stock valued at $500,610,000 after purchasing an additional 90,428 shares during the last quarter. Capital Research Global Investors raised its holdings in Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company's stock worth $235,312,000 after buying an additional 1,076,645 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its stake in shares of Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company's stock worth $215,255,000 after buying an additional 887,600 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Celanese by 15.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company's stock worth $173,127,000 after buying an additional 558,391 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Celanese by 2.1% during the fourth quarter. State Street Corp now owns 3,949,230 shares of the basic materials company's stock valued at $166,973,000 after buying an additional 80,242 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insider Transactions at Celanese

In related news, SVP Mark Christopher Murray purchased 2,153 shares of Celanese stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the transaction, the senior vice president directly owned 30,432 shares in the company, valued at $1,385,264.64. This represents a 7.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America decreased their price objective on shares of Celanese from $72.00 to $63.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Wall Street Zen downgraded Celanese from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of Celanese in a report on Tuesday, May 26th. Wells Fargo & Company lowered their price objective on shares of Celanese from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Citigroup dropped their target price on shares of Celanese from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $63.47.

Celanese Stock Performance

CE opened at $46.86 on Monday. The company's 50 day moving average is $46.70 and its 200 day moving average is $53.84. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. The company has a market cap of $5.14 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 0.31 and a beta of 0.76. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the firm earned $1.44 earnings per share. The company's quarterly revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities research analysts predict that Celanese Corporation will post 5.94 EPS for the current year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese's payout ratio is currently -1.12%.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source